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20130113
20130121
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Search Results 0 to 25 of about 26 (some duplicates have been removed)
holding the american economy hostage, and president obama says they wouldn't collect a ransom. this is "the ed show." let's get to work. >> the issue here is whether or not america pays its bills. we are not a dead beat nation. >> the president draws a line in the sand for republicans. >> they will not collect a ranson in exchange for the economy. >> on whether republicans will actually listen. one month after sandy hook, the president says he has the vice president's gun recommendations. >> my starting point is not to worry about the politics. >> but will spineless republicans kill reform? one republican threatens impeachment if the president signs an executive order on guns. dan gross of the grady campaign is here regarding comments that the nra is gearing up to sell guns. and former secretary of state colin powell calls out republicans on race. >> there is also a dark vein of intolerance. >> dr. peterson joins me to discuss the republican response. good to have you with us tonight, folks, thank you for joining us. president obama took on the single greatest threat to the ec
is still holding the american economy hostage, and president obama says they won't collect a ransom. this is "the ed show." let's get to work. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> the president draws a line in the sand for republicans. >> they will not collect a ransom in exchange for not crashing the american economy. >> tonight, congressman jim mcdermott's reaction to the president's tough talk on the debt ceiling. e.j. dion and ruth con connaught on whether the republicans will actually listen. >>> one month after sandy hook, he has the president's gun recommendations. >> will spineless republicans kill reform? one threats impeachment if the president signs an executive order on guns. dan gross of the brady campaign is here with reaction to the president's comments that the nra is joining up fear to sell guns. >>> and former secretary of state colin powell calls out republicans on race. >> there is also a dark -- a dark vein of intolerance in some parts of the party. >> dr. james peterson janes me to discuss the republican r
of rules that have been established that are impossible to meet without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sensible. we should not be doing this in a one-three month time when. why should we do that? where the united states of america. we cannot manage our affairs in such a way that we pay our bills and provide certainty in terms of how we pay our bills? look. i do not think anyone would consider my position on reasonable. major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every three months conversation about whether or not we pay our bills. that in and of itself does severe damage. even the threat of default hurts our economy. it hurts our economy as we speak. if we want t
the key message of deep spending cuts, not the message that deep spending cuts will help grow the economy and help create jobs. . . but i did hear no budget, no pay, aimed at democratic senators but then deemed unconstitutional, and an extension of the debt ceiling for about three months which is okay. . it doesn't really go to the heart of the matter. we're going to have a report on this whole story in just a moment. . meanwhile, better news, the stock rally continues up 54 points on the dow, 161 points for the week. get this, a 35% gain in the broad s&p 500. . just since early october 2011. that's right. it's like a stealth rally. it keeps on moving. we'll talk to a leading investment ceo a bit later in the program. . first up, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three mont
on the economy or jobs. we have been very reactive to what is happening in the headlines, not atippal for a second president. but it is the soft under belly of the obama presidency. at then of the second sterl, if this chidoesn't turn around and unemploint ployment doesn't come down, the obama agenda will be a failure. they are making a huge mistake, trying to beat up on rich people, businesses and small businesses and raise taxes. the result of the policies, eric, is that unemployment will continue to stay high and poverty rates will continue to skyrocket. when you beat up on the rich, you create more poor and you make your budget problem worse because there are more people on welfare than there were before president obama came to office. >> what happened if there were more people on welfare and if the unemployment rate doesn't go down? >> that has to be the primary focus needs to be. there are two major challenges right now. first, this economy is focused for liftoff. in the corporate world, we are at the highest profit levels we have been since world war two. their productivity is
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
is up 5,550 points since then, just shy of the 14,000 mark. the economy is growing. instead of contracting. in the first quarter of 2009, the gdp contracted 5.3%. it grew 3.1% when the last time it was officially measured. though remains below where it was before the great recession, consumer confidence has nearly doubled. and a larger percentage of americans, 41%, according to our last poll, believe the country is headed in the right direction, up from 26% in january, 2009. on the other hand, there is plenty of data to support the idea that the drink country is not better off than it was four years ago. and that the struggling economy continues to take a toll on families. median household income is lower than it was in 2009. and 46 million americans live below the poverty line. several million more than four years ago. the federal public debt has increased from 10.6 trillion in january 2009 to 16.4 trillion now. then there's the big number that's exactly the same as it was four years ago. the unemployment rate. 7.8%. though it's down from, of course, a high of 10% in octobe
the way the move freight that fuels our economy. map 21 streamlines and consolidates programs and map 21 helps to shorten project delivery a priority for president obama and congress. when we deliver projects faster, when we deliver their benefits faster. like enhancing safety, less congestion and a cleaner environment. the project delivery improvement included in map 21 based on an innovative -- innovation initiative known as everyday counts. they took it from you, victor. you've done a great job with every day that counts. let's hear it for decter menendez and what he has done and what his team has done. thank you, victor. [applause] the concept behind everyday counts is the same as this year's thp. better, faster and smarter. finally map 21 helps us keep our transportation system safe. this law gives the department for the first time oversight over transit safety. again, a big thanks goes to peter rogoff. in the train crash your and 10, peter and i decided that we would commit ourselves to getting the department of transportation into the transit safety business and thanks to all of h
attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing with that. first since president obama was re-elected, 30% think he has been more bipartisan in working with congressional republicans, 55% the majority says he has been more confrontational? >> i think some of the number for confrontational they are saying that as a positive. certainly democrats want him to be more confro
the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of the people on social security will be on fixed budgets. and so there's still a danger having out-of-pocket
years since the economy collapsed most traditional americans have been focused on the immediate and urgent children is the economy, unemployment. am i going to lose my job is my house under water either figuratively with my mortgage or literally with hurricane sandy. >> liberal americans are focused in on that too. >> when most traditional americans are focused on their jobs, their families, their lives, the bigger economic picture. >> bill: you are wrong about that because they have the same economic concerns but yet same to harness their energy in the ideology. >> here is the difference. the left wing focuses 24/7. they never rest on mission of secular progress transformation whether it's america or europe. >> bill: i agree with that. >> they never rest. traditional americans have lives, they have jobs. >> wait a second. >> they are less focused on the cultural side of things than they are about community. >> liberals don't have jobs. you are talking as if tradition is is opposition to liberalism as if you are a liberal therefore you don't respect or honor tradition. that's ab
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a monthly extension is drama. so, what, congress should simply do its job. it should not, we're not going to negotiate over extending the debt ceiling. >> reporter: jay carney said they should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter: well, they're talking about plans and none of the alternatives are particularly good because the situation is so bad. with the white house refusing to negotiate spending cuts with republicans as part of a
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
of this country, because the consequences of a default would ripple throughout the economy. i just saw an article yesterday that said the people are now drawing on their retirement funds, the middle class of this country. so we now want to have a debt ceiling threat that would cause further erosion in the stock market, that would essentially make things begin to go haywire? i guess the republicans are going to be thinking this weekend how to proceed. i think they need to proceed with sensibility and common sense instead of an effort to be so extreme that you threaten the economy of the country. host: house republicans leaving for a retreat tomorrow to discuss - guest: they should retreat from the idea of using the debt ceiling. host: you referenced "the wall street journal" this morning. many republicans see a debt limit showdown as risky. pat toomey said tuesday he would introduce legislation next reconstructing the white house to prioritize the government's bills. what's wrong with that idea? guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had ove
to be on the agenda, but the economy and getting a growth agenda going is clearly what's going to be most important across the board for americans. but he's got some wind at his back. because the republicans know that number one, immigration is an issue they can't ignore and vilify anymore, they've got to deal with it, guns is another one. they're mired in a tactic on plunging this country into default and starting to come to their senses and realize this debt ceiling is a tactic that is really turning its head against them not against the president. so i think that you're always going to see the president making the effort to reach out. and spending, he's actually done that already. and that's where he's going to have to work with democrats as well as republicans. >> well, you supported both abolishing the debt limit and having the president use the 14th amendment. i'm wondering how you see the debt ceiling play out. >> well, i'm seeing the republicans starting to cave on that. they're hearing from the -- the president has made it clear he's not going to play that game. and if we mess with the deb
or to radically, giving too much money into many loans purses to few. banks are important part of the economy and the finance new job growth and the ability of people to buy a home, which is the largest single investment that they will make. we really need for them to be there to help the consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from clifton, virginia. caller: a good time to segue t
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mohamed morsi, a member of the muslim brotherhood. but egypt's economy is on the ropes. across the region, political storm clouds ar gathering as iran, israel and eight arab countries hold crucial elections this year. >> in every one of them, a new form of right, far, far right is emerging as to change the balance of power. >> reporter: in his first term, barack obama said he was making the middle east peace process a priority, but middle east expert aaron david miller says don't get your hopes up for this term. >> the fact is if you -- if the administration tried to put mahmoud abbas and benjamin netanyahu down together, right now, or in february, at the negotiating table, the gaps between them are so large that they simply cannot be bridged and the u.s., yet again, will be revealed as an emperor without clothes. >> and when we come back, we'll talk to chris lawrence from the pentagon, get new information here about this hostage situation in algeria. this is this north african country where we're now hearing, confirmed by the state department, 40 hostages, being called an act of terror b
for the country's economy. elizabeth macdonald from the fox business network, i mean, i laugh because 70 is not old. are we supposed to react to that as though it's 90, like, oh, 70. you have to work to 70? >> right, 70 is the new 90, i guess, i don't know. but, really, megyn, you have to wait five years to hit the golf course as you put it. this is the group that's recommending it, the business round table, a group of influential ceo's and even the president and ceo of caesars entertainment corp., look, we're in a new era of fiscal problems and we have a new era of demographics issues, the realities are different than they were when social security was launched in 1935. and they're saying a great way to basically fix social security and medicare funding problems. tell you something that's interesting, you're hearing nothing out of the building round table, anti-age discrimination problems at work. certainly, the jobless rate of people who are, you know, 65 or older, the number of unemployed older workers, megyn, has doubled in the last recession, you know, and as much as one out of thre
Search Results 0 to 25 of about 26 (some duplicates have been removed)